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Heavy Refurbishment

Image
Product
Purpose:

Heavy refurbishment, minor development, and conversions to residential units

Maximum loan size:

£3,500,000

Loan term:

1 to 18 months

MAX LTV:

75%

Arrangement fee:

2%

Interest method:

Rolled

Monthly rates from:

0.63%

Charge:

First

Early repayment charge:

Three months’ interest

Other Criteria:

Residential, semi-commercial or commercial. To be classed as semi-commercial, the residential element must account for at least 50% of the value and have separate access.